The iPhone 16 Pro Max 256 GB, which like most iPhones is assembled in China, retails for $1,199. Under the new tariffs on Chinese imports, the price of the device could rise $350, or 29%, lifting the price tag to $1,549, data from UBS Investment Research shows.

Billionaire entrepreneur and Cost Plus Drugs co-founder Mark Cuban won't have to raise medicine prices, as Trump’s new reciprocal tariffs on India exempt the pharmaceutical sector. What Happened: While appearing on the Somebody's Gotta Win With Tara Palmeri podcast earlier this week,

Donald Trump said that he's backing down on most nations' tariffs for 90 days amid market meltdown, but he's raising China tariffs.

India and other nations plan to reduce tariffs on the US following Trump's April 2 announcement of reciprocal tariffs. US Trade Representative Greer noted India's 39% average tariff compared to the US 5%,

The US reciprocal import duty commences today, prompting a comparison of tariff rates. While countries like India have high bound rates, sometimes reaching 150% for farm produce, their actual applied tariffs are significantly lower,

Amid tariff talks, Apple aims to mitigate these impacts by diversifying its production capabilities beyond China, thereby reducing the financial strain associated with these heightened tariffs, a Wall Street report stated.

Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.